Investing.com – Asian stock markets were mixed on Monday, as market sentiment was weighed by rising tensions in the Middle East and after China lifted reserve requirements for lenders.
During late Asian trade, Hong Kong's Hang Seng Index climbed 0.53%, South Korea's Kospi Composite shed 0.6%, while Japan’s Nikkei 225 Index added 0.26%.
Shares in the energy sector performed strongly as crude oil prices jumped amid escalating tensions in the Middle East.
Japan’s largest oil exporter Inpex saw shares gain 1.7%, shares in oil and gas driller Japan Petroleum Exploration climbed 2.69%, while shares in JX Holdings, the country’s biggest oil refiner added 1.74%.
In Hong Kong, shares in property developers were broadly lower after China raised reserve requirements for domestic lenders on Friday to combat inflation and curb rising property prices.
Hong Kong’s second largest property developer Sino Land Company dropped 1.53%, rival Hang Lung Properties saw shares decline 1.05%, while shares in Wharf Holdings sank 1.43%.
The outlook for European equity markets, meanwhile, was downbeat. The EURO STOXX 50 futures edged down 0.12%, France’s CAC 40 futures fell 0.12%, the FTSE 100 futures shed 0.16%, while Germany's DAX futures declined 0.18%.
In the U.S., markets were to remain closed for the President’s Day holiday.
During late Asian trade, Hong Kong's Hang Seng Index climbed 0.53%, South Korea's Kospi Composite shed 0.6%, while Japan’s Nikkei 225 Index added 0.26%.
Shares in the energy sector performed strongly as crude oil prices jumped amid escalating tensions in the Middle East.
Japan’s largest oil exporter Inpex saw shares gain 1.7%, shares in oil and gas driller Japan Petroleum Exploration climbed 2.69%, while shares in JX Holdings, the country’s biggest oil refiner added 1.74%.
In Hong Kong, shares in property developers were broadly lower after China raised reserve requirements for domestic lenders on Friday to combat inflation and curb rising property prices.
Hong Kong’s second largest property developer Sino Land Company dropped 1.53%, rival Hang Lung Properties saw shares decline 1.05%, while shares in Wharf Holdings sank 1.43%.
The outlook for European equity markets, meanwhile, was downbeat. The EURO STOXX 50 futures edged down 0.12%, France’s CAC 40 futures fell 0.12%, the FTSE 100 futures shed 0.16%, while Germany's DAX futures declined 0.18%.
In the U.S., markets were to remain closed for the President’s Day holiday.